62 Chestnut St #2SaugusMA01906
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Saugus at 62 Chestnut St #2, Saugus, MA, 01906 priced at $649,000 pairs $3,355/mo rent with after a $3,177/mo payment. Total monthly income equals $3,355/mo. Return on cash invested is 15.92% in year one, and rental yield stands at 6.2% on a $649,000 basis. Equity gained on principal adds $4,188/yr, and 5% annual appreciation accumulates to $179,307 by year five. Five-year ROI measures 81.58% and total cumulative return in cash reaches $174,192. For financing, Ziffy Mortgage’s DSCR program evaluates $3,355/mo property income against a $3,177/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1890
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01906, Saugus, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,289 (100%) |
| Owner Occupied HU | 8,365 (68.1%) |
| Renter Occupied HU | 3,110 (25.3%) |
| Vacant Housing Units | 814 ( 6.6%) |
| Median Home Value | $657,725 |
| Average Home Value | $695,891 |
Housing Distribution
Address Breakdown
Residential
11,228
Single Family
9,393
Multi-Family
1,835
Businesses
913
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Listed by: Nikki Martin Team • Compass
Mls Name: MLS PIN
Mls ID: #73445850